Does banking sector support SMEs in the time of crisis? The case of V4 countries and Serbia

Redžepagić, Srđan and Erić, Dejan and Bodroža, Duško
(2010)
Does banking sector support SMEs in the time of crisis? The case of V4 countries and Serbia.
In:
National and regional economics VIII : 13th-15th October, 2010.
Technical University of Košice Faculty of Economics, Košice, pp. 173-192.
ISBN 978-80-553-0517-2

Abstract

The global crisis of the first decade of the 21st century will produce long-term negative
effects on the real and financial sectors of many countries. Caused in the financial
sector, it has quickly transferred to the real one, causing a recession in many
countries. In this paper we will try to identify the role of the banks in financing of small
and medium-sized enterprises (SMEs) within the Višegrad group (V4) countries
(Poland, the Czech Republic, Slovakia and Hungary) and Serbia. The aim of this paper
is to try to answer the main question such as: does banking sector, in these analyzed
five countries, support SMEs in the period of global economic crisis? The paper is
focused on economic aspects and tries to explain effects and results on the marketSMEs-banking
sector relationship.